Secretarial Practice · Class 11 Commerce
Ch 11Correspondence with Banks — Class 11 Secretarial Practice, concept-first.
Correspondence with Banks is the eleventh chapter of the Maharashtra State Board (MSBSHSE) HSC Secretarial Practice syllabus for Std XI, coming right after the chapter on Correspondence with Directors and just before the final chapter on Correspondence with Statutory Authorities.
Key concepts
Hover a concept to preview it and jump to its most relevant Q&A.
Secretary's Role in Banking Correspondence
The Company Secretary conducts a company's continuing written correspondence with its bankers — opening accounts, requesting facilities, giving stop-payment instructions, requesting statements, updating signatories, and…
Most relevant Q&A
Chapter contents
The NCERT structure, section by section. Open a section to see its questions, then read the concept-first solution.
Overview
Correspondence with Banks is the eleventh chapter of the Maharashtra State Board (MSBSHSE) HSC Secretarial Practice syllabus for Std XI, coming right after the chapter on Correspondence with Directors…
The Secretary's Correspondence with the Company's Bankers
A company cannot lawfully keep large sums of cash lying around its office — every rupee it receives from customers, and every rupee it pays to suppliers, employees, taxes, or lenders, moves through it…
Types of Bank Accounts a Company Operates
Not every bank account is designed for the same purpose, and a company must choose the right type of account for each need — daily transactions call for one kind of account, temporarily idle surplus f…
Opening a Current Account
A company cannot simply walk into a bank and open an account the way an individual can — because a company is an artificial legal person, it can only act through the humans the law and its own Board a…
Letters Requesting a Loan, Overdraft or Cash Credit Facility
Even a profitable, well-run company can find its own cash falling temporarily short of what it needs — a large order to fulfil before payment is received, machinery to buy, or simply the ordinary cycl…
Stop-Payment Instructions and Requesting a Statement of Account
A company may need to instruct its bank not to honour a cheque it has already issued in a number of genuine situations: the cheque has been lost or misplaced before reaching the payee, it was issued b…
Change in Authorised Signatories and Closing a Bank Account
The people a bank will accept instructions from are exactly the persons named in the company's Board Resolution and specimen signature card on file — nobody else, however senior, can operate the accou…
More questions
11 Q+−Show 2 questionsHide questions2 questions
+−Show 2 questionsHide questions2 questions
+−Show 2 questionsHide questions2 questions
+−Show 4 questionsHide questions4 questions
- Q7Draft a letter, on behalf of Bharat Plastics Limited, to the Manager, Union Bank of India, Aurangabad, requesting the bank to open a Current…Free
- Q8Draft a letter, on behalf of Godavari Foods Limited, to the Branch Manager of its bank, requesting a Cash Credit facility of ₹8,00,000 again…Free
- Q9Draft a letter, on behalf of Konkan Agro Industries Limited, instructing its bank to stop payment of Cheque No. 556012, dated 14th May, for…Preview
- Q10Draft a letter, on behalf of Sahyadri Engineering Works Limited, requesting the bank to furnish a certified Statement of Account for its Cur…Preview